Micron Technology, Inc. (NASDAQ:MU) stock surged

Posted by Chris Bell July 8, 2013 0 Comment 2008 views

The shares of Micron Technology, Inc. (NASDAQ:MU) augmented to close at $ 14.31 in trading session of Friday, July 5. This closing figure demonstrates rise of 1.20%. After opening at $ 14.27, the stock exhibited an intraday high of $ 14.37 prior to closure. With average volume of 42.60 million shares in last 90 trading sessions, almost 29.75 million shares traded in session of Friday.

The Drexel Hamilton’ research analysts have rated the stock of Micron Technology, Inc. (NASDAQ:MU) at “buy” on Thursday. Presently, they have set a stock price target of $18.00. Various other researches lately have made Micron Technology, Inc. (NASDAQ:MU) as the focus in their reports. Sanford C. Bernstein’s analysts restated and awarded an “outperform” rating on Micron Technology, Inc. (NASDAQ:MU)’ shares> this was advised to the investors via a research note by the analysts. The stock price target set by them is $20.00. Lastly, on June 20, via a research note to investors, Topeka Capital Markets’ analysts increased the stock price target on Micron Technology, Inc. (NASDAQ:MU) to $13.50 from $10.00 to $13.50. They have suggested a rating of “hold” on the stock.

Micron Technology, Inc. (NASDAQ:MU)  is a worldwide producer and seller of semiconductor contrivances, mainly NAND Flash, NOR and DRAM Flash memory, and other packaging solutions, memory technologies, and semiconductor arrangements for computing usage, industrial, automotive, embedded, networking,  and mobile products. Additionally, semiconductor mechanisms for sensors of CMOS images and more semiconductor products are manufactured by the Company. The operations of the Company are carried out under four divisions that include, DRAM Solutions Group (DSG), NAND Solutions Group (NSG), Embedded Solutions Group (ESG) and Wireless Solutions Group (WSG). The manufacturing facilities of the company are positioned in China, the United States, Italy, Israel, Malaysia, Singapore and Puerto Rico.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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